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EUR/GBP Offered at Hourly 50-MA, Turns Negative EUR/GBP faced rejection at hourly 50-MA level of 0.7858 levels and erased gains as Stoxx 50 futures opened higher...
Oil Rebounds in Asia, EIA Inventory Report Eyed Oil benchmarks on both sides of Atlantic posed a minor rebound in the Asian trades, bringing a halt to the five consecutive sessions of declines...
USD/CAD Sidelined Below 1.3100, ADP Eyed USD/CAD is posting moderate losses around the 1.3060 area on Wednesday ahead of the key US ADP report. USD/CAD lower post-Yellen Spot has come under renewed selling pressure in response to the dovish speech by Chief J...
GBP/USD: Bullish Move Stalls as "In" Campaign Lead Narrows GBP/USD is working hard to avoid losses in early Europe after a latest Ipsos Mori poll showed "In" campaign lead narrowed. Trades above 38.2% Fibo At 1.4376, the spot is sitting a few pips above 1.4368 (38.2% of 1.5230-1.3835...
ECB Coeure: Won’t take Rates into 'Absurdly Negative Territory' More ECB Coeure headlines from Politico interview published on ECB site: Not short of instruments; choice quite large Won’t take rates into 'absurdly negative territory' 'Helicopter money' not part of Gov council discussion...
EUR/JPY Breaks Below 127.00, Session Lows The buying interest around the Japanese currency has dragged EUR/JPY back below the 127.00 key support on Wednesday. EUR/JPY lower on JPY-buying Yesterday’s dovish remarks from Chairwoman J...
Japan’s Current Account Surges to a Recent High - NAB Research Team at NAB, notes that the Japan’s current account surplus surged to ¥16.64 trillion in 2015 (3.3% of GDP), the strongest outcome since 2010. Key Quotes “The goods account improved by ¥11.3 trillion (to -¥643...
JPY: Impact on Economy of Strong Yen – Nomura FX strategy team at Nomura, had lowered its end-2016 USD/JPY forecast to 122, from 130...
The USD tumbled against the CAD after U.S. Federal Reserve Chair Janet Yellen delivered a speech at the Economic Club of New York...
On Tuesday, #traders were looking forward to hear a speech of the Fed head Janet Yellen hoping to receive confirmation of comments, that many members of #FOMC had previously made. However, #Yellen expressed in the usual cautious tone. Find out more by checking out the Source Link...
Investors returned to the big banks to push up the local market, after the dovish comments from US Federal Reserve Chair Janet Yellen overnight. The ASX 200 was up 42 points in early trade, or 0.8%, at 5047, while the All Ordinaries was up 41 points at 5117...
European investors return on Tuesday following the long bank holiday weekend and while the trading week may be a little shorter it’s likely to be quite eventful, with particular interest being on the Federal Reserve ahead of its April meeting...
Nikkei 225 Drops, Rest of Asia Climb on Cautious Yellen The stocks on the Asian bourses climbed on Wednesday, taking the positive lead from the Wall Street overnight on dovish Yellen, which smashed April Fed rate hike expectations...
Gold Offered Near 20-DMA, Drops Below $ 1240 Gold prices drifted lower in the Asian session, having booked strong gains the day earlier after Fed Chair Yellen turned outrightly dovish and triggered a broad USD sell-off. Gold stalls 2-day rally Currently, gold edges -0.10% lower to 1237...
AUD/USD: 0.7850 in Range After Dovish Yellen AUD/USD is in a period of consolidation after a rally overnight on the back of Fed Chair Yellen who surprised markets with a more dovish tone than was expected...
Asian Development Bank Cuts its China Growth Forecast Asian Development Bank (ADB) lowered its forecasts for China’s economic growth to 6.5% in 2016 from 6.7% seen in its December forecast. While GDP growth forecast for 2017 stood at 6.3...
Japan: More Expanded QE to Come - NAB John Sharma, CFA, Macro Economist – Sovereign Risk at National Bank of Australia argued that, overall, the picture is of a Japanese economy struggling to generate any momentum. Key Quotes: "Japanese GDP declined by -0...
NZD/USD Drops Sharply From 3-Month High on Profit-Taking The NZD/USD pair reversed early gains and turns in the negative territory during the mid-Asian session, mainly driven by a fresh bout of profit-taking. NZD/USD fails once again near 0.6900 Currently, the NZD/USD pair trades -0...
USD/JPY Tracks Nikkei Lower, Revisits 112.40 The JPY bulls appear to tighten their grip once again in mid-Asia, sending USD/JPY back towards daily lows as the Japanese stocks extend to the downside...
